Riccardo Ravasini, Author at Rava Realty - Page 81 of 104

U.S. real estate continues to attract investors amidst the rising dollar

Posted by:

The strength of the U.S. dollar against other currencies is not weighing down foreign interest in New York real estate. Instead, the opposite is occurring as international investors are increasingly seeing the brick-and-mortar assets in the Big Apple as a protected place to store capital.

Last year, the dollar gained modestly on the Chinese yuan and the British pound and logged low double-digit increases against the euro and Japanese yen. But foreign investment in New York City commercial real estate totaled $13.24 ...

Continue Reading →
0

Brooklyn Navy Yard – Up and Coming Business Destination

Posted by:

In the past few years, the Brooklyn Navy Yard has quietly become one of the busiest places in the borough. It is now home to tenants ranging from traditional manufacturers like Sweet’N Low to the Kings County (whiskey) Distillery, and from film producer Steiner Studios, to the Brooklyn Grange rooftop farm.

And according to David Ehrenberg, president and CEO of the Brooklyn Navy Yard Development Corporation, “the most important thing for our mission is jobs. At the core, we are an ...

Continue Reading →
0

Meatpacking District seeing more penthouse additions

Posted by:

The temptation to build up, to maximize the profits from one’s real estate, continues unabated to this day. And the Meatpacking District in Lower Manhattan is no exception. In fact, that area seems to be one of the main sites where penthouse additions keep sprouting. This makes some sense since much of the area is landmarked, there is a limit to how much new building can occur, and how high it can rise over current structures.

There are two new projects ...

Continue Reading →
0

Miami’s housing market

Posted by:

Home prices in the metro Miami area rose 9.5 percent in October from a year earlier, the biggest gain among 20 big cities tracked by the S&P Case-Shiller index.

That far outpaced the S&P Case-Shiller national average, which gained 4.6 percent in October from a year earlier.

With the last quarter gains, Miami-area home prices are at their highest levels since May 2008. Still, according to the index, the prices are 32 percent below the December 2006 peak.

Nationwide, home prices continued to ...

Continue Reading →
0

Construction boom in NYC

Posted by:

With construction underway citywide, and particularly in neighborhoods like Downtown and the 57th Street corridor, 2015 is poised to see double the amount of new development launches, compared with 2014.
There are 6,287 condos set to launch in 2015, compared with 3,112 in 2014, according to data obtained from Corcoran Sunshine.
The average sale price in Manhattan for all kinds of residential properties jumped 18 percent from last year during the third quarter, to $1.68 million. During the third quarter, ...

Continue Reading →
0

South 6th Avenue, a once overlooked strip is getting ready to rock

Posted by:

The southernmost leg of Sixth Avenue has been more of a place to pass through than to visit since the 1920s, when the city blasted subway lines through parts of MacDougal and Sullivan streets, then covered the tracks with a new roadway.
And developers may have been dissuaded from doing anything about that. The massive infrastructure project left the road, formally known as the Avenue of the Americas, lined with castaway lots whose odd shapes discouraged construction.
But as Soho’s ...

Continue Reading →
0
Page 81 of 104 «...5060707980818283...»